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Bill: Income tax proposal of June 2545
Details
Submitted by[?]: Democratic Rationalists (PrCoa)
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: February 2546
Description[?]:
| The Democratic Rationalists propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 10,000 ALO | 55% | 28,349,000,000 ALO |
| > 15,000 ALO | 60% | 16,794,000,000 ALO |
| > 20,000 ALO | 65% | 5,917,000,000 ALO | Total | 51,060,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 03:30:26, March 14, 2008 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Income tax proposal of June 2545 |
| Message | Under this bill, no taxes are paid at all on the first 10,000 ALOs of income. 1) An affluent Alorian earning 15,000 ALOs pays a tax bill of $2750, or 18.3% of gross income. 2) A very well off Alorian earning 20,000 ALOs pays a tax bill of $5750, or about 28.7% of gross income. 3) A wealthy Alorian earning 25,000 ALOs pays a tax bill of $9,000, or about 36.7% of gross income. To put it mildly, these tax rates are just about right. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 402 | |||||
| no | Total Seats: 348 | |||||
| abstain | Total Seats: 0 |
| Random fact: "Nation raiding" or a malevolent coordinated effort by a single user or group of users to interrupt the gameplay, significantly alter the culture or direction of a nation is strictly prohibited. Players interacting in nation raiding will be sanctioned. |
| Random quote: "I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical." - Thomas Jefferson |